Gilat Revenues Climb 14 Percent In 2007
[Satellite Today – 2-21-08] Gilat Satellite Networks Ltd. posted revenues of $282.6 million in 2007, up 14 percent from $248.7 million in 2006, the company announced Feb. 21.
Revenues in the 2007 fourth quarter were $72.7 million, an 11 percent increase over the same period a year ago, and net income climbed from $4.5 million to $6 million in the same period.
"Our GNS business unit has grown by winning large projects in Africa, Latin America, and Eurasia,” Gilat CEO Chairman Amiram Levinberg said in a statement. “In the U.S., Spacenet has successfully penetrated the government market with new deals in this sector as well as in its core customer base of enterprises.”